Interesting video

[DrKarlMoneys]

Only a few minutes but talks about how central banks are buying gold to reduce dependencies on the currencies of other countries, the US especially. Also quotes Ray Dalio saying that gold is just like another currency when talking about the reasons a person might buy gold.

[Pete]

We stackers have always know what is simply stated but why not include platinum and by default silver as well ?
If gold rises then surely silver must follow for the same logic ?

[HawkHybrid]

1 hour ago, Pete said:

We stackers have always know what is simply stated but why not include platinum and by default silver as well ?
If gold rises then surely silver must follow for the same logic ?

'everyone should own some gold as you would own

any other currency'

 

gold is the most liquid of the precious metals.

 

HH

[BullionBuyer]

18 hours ago, Pete said:

We stackers have always know what is simply stated but why not include platinum and by default silver as well ?
If gold rises then surely silver must follow for the same logic ?

Not necessarily. The main usage of gold is as an investment. Silver, on the other hand, is used as an investment but also has several industrial usages. Demand and supply would, therefore, reflect this. Thus, prices may not move in tandem. 

[sovereignsteve]

28 minutes ago, BullionBuyer said:

Demand and supply would, therefore, reflect this. Thus, prices may not move in tandem. 

Correct but you can argue this until you are blue in the face and many on here will never agree with you.🙄

[BullionBuyer]

20 minutes ago, sovereignsteve said:

Correct but you can argue this until you are blue in the face and many on here will never agree with you.🙄

Ofcourse,  the paper market, namely COMEX, is probably the biggest determinant of PM prices than actual physical supply and demand for gold and silver........but that's another discussion.

[HawkHybrid]

6 minutes ago, BullionBuyer said:

Ofcourse,  the paper market, namely COMEX, is probably the biggest determinant of PM prices than actual physical supply and demand for gold and silver........but that's another discussion.

 

the paper market is an extension of the physical market.

 

HH